Global Exhaust Heat Recovery Systems Market to Reach $114.4 Billion by 2030
The global market for Exhaust Heat Recovery Systems estimated at US$62.7 Billion in the year 2023, is expected to reach US$114.4 Billion by 2030, growing at a CAGR of 9% over the period 2023-2030. Fuel-based Exhaust Heat Recovery Systems, one of the segments analyzed in the report, is expected to record 8.8% CAGR and reach US$107 Billion by the end of the analysis period. Growth in the Electric Exhaust Heat Recovery Systems segment is estimated at 12.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $19.3 Billion, While China is Forecast to Grow at 8.3% CAGR
The Exhaust Heat Recovery Systems market in the U.S. is estimated at US$19.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.4 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook